Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
subscribe to our newsletter
subscribe to our newsletter

Centrepoint announces funding agreement with NAB

Mortgage and wealth group Centrepoint Alliance has completed the refinancing of its premium bank funding with NAB.

Centrepoint says the new arrangement with the major bank has a funding facility limit that is “flexible to meet our growth ambitions, with lower rates, fees and capital requirements”.

“The business is well-positioned and we continue to receive strong support from our long-term clients, and we are developing new relationships weekly,” CEO of Centrepoint Alliance Premium Funding, Bob Dodd, said in a statement to shareholders.

Advertisement
Advertisement

“This new, cheaper facility allows the group to progress our growth strategy.”

The announcement comes after Centrepoint rebranded its various businesses together under a single brand with related sub-brands in June as part of moves to simplify its structure.

Centrepoint Alliance Lending and Centrepoint Alliance Premium Funding have combined to become Centrepoint Alliance Lending Solutions, while Centrepoint Alliance Investment Solutions now houses Ventura, vMAPS and platform solutions.

Associated Advisory Practices has been renamed Centrepoint Alliance Licensee Solutions, while Alliance Wealth and Professional Investment Services is now known as Centrepoint Alliance Financial Advice.

[Related: Centrepoint announces changes to executive team]

Centrepoint announces funding agreement with NAB
mortgagebusiness

Latest News

The economy contracted by 0.3 per cent in the March quarter, ending Australia’s 29-year period of economic expansion, with Treasurer Josh...

A 20 to 30 per cent fall in residential property prices is “unlikely” in the absence of a “second wave” of the coronavirus outbreak,...

The major bank has announced its intention to sell its New Zealand-based asset finance business, UDC Finance, for NZ$762 million ($706 milli...

FROM THE WEB
podcast

LATEST PODCAST: Property remains a stable asset despite cautious market

Do you expect COVID-19 to reduce or increase your business flows?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.